Quote from: LoyceV on September 01, 2021, 09:19:30 AM

Quote from: Karartma1 on September 01, 2021, 08:44:59 AM

On a different note, it makes no sense also from a very simple security point of view. I'm no expert but I feel like I need to make 100% sure every time I make a BTC transaction since I'm exposing the private keys to sign the tx (yet they perform million of txs).

I don't get why they pay withdrawals from an addy holding Bitcoin worth 1.1 billion dollars. They even make several transactions per block nowadays. I'm curious how they sign the transactions offline, how many employees have access, and how they prevent huge mistakes from happening.

I can only think of one reason to dump all funds on one pile: it's a very large coinjoin pool, and makes it very easy to hide your transaction history from the outside world.

That goes beyond any sane and logical risk management approach. Maybe I'm black sheep here but I've never used them and knowing what I know now I'm more than happy to have never entrusted them with my precious satoshis.

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I can only think of one reason to dump all funds on one pile: it's a very large coinjoin pool, and makes it very easy to hide your transaction history from the outside world.

On this, if they're to become compliant in several jurisdictions that needs to change as well.